Full-Time

Senior Counsel

Data and Privacy

Posted on 8/23/2024

Forge Global

Forge Global

201-500 employees

Private market liquidity and trading solutions

Compensation Overview

$150k - $160k/yr

+ Bonus

Mid

New York, NY, USA

Hybrid role based out of Soho, NY office. Requires 1-3 days a week in office.

Category
Legal
Risk & Compliance
Legal & Compliance
Required Skills
Communications
Data Analysis
Requirements
  • Juris Doctor (J.D.) degree from an accredited law school and licensed to practice law.
  • 3-4 years of experience in the areas described above. Ideal candidate will have a combination of law firm and in house experience.
  • Understanding of US privacy laws and requirements and hands-on experience implementing privacy programs at growing companies; exposure to foreign privacy regimes and the ability to get up to speed quickly.
  • Experience drafting and negotiating a broad range of commercial contracts and advising internal stakeholders with respect to the same.
  • Willingness to provide support to other areas such as general corporate, HR and litigation and ability to get up to speed quickly and take ownership of different areas and projects.
  • Must be able to sit and/or stand for long periods of time in an office or home office setting while working.
Responsibilities
  • Advise on the intersection between data, privacy laws, and financial services and the relevant legal and regulatory requirements as they pertain to Forge, including developing business-friendly legal guidelines for these activities.
  • Identify requirements resulting from new and evolving privacy and data laws and regulations, and provide recommendations and guidance related to, among other things, data anonymization, application of artificial intelligence capabilities and data analytics.
  • Collaborate with other internal stakeholders on regional privacy analysis and advice relating to Forge’s global products and services, including helping design controls for data environments used to support Forge’s various businesses.
  • Monitor changing global laws relating to permissible use of customer data and regulatory requirements, facilitate the review of local requirements, develop internal legal guidelines to promote consistency and support the drafting and negotiation of third-party data processing contract terms.
  • Stay abreast of regulatory developments and industry standards and revise and update policies, forms, and agreements as necessary.
  • Provide legal support to other areas such as IP, trademark and patent related matters, HR (including HR policies and communications, hiring, disciplinary matters, etc.), litigation (provided inhouse support and work with outside counsel on litigation matters as needed), general corporate matters and vendor agreements.
  • Work on cross-functional company initiatives and other special projects as needed.

Forge Global provides a platform for private market transactions, focusing on liquidity solutions for private companies and their employees. The platform allows for trading, custody, and data services related to private equity, helping clients diversify their investments and access market insights. By merging with SharesPost, Forge Global has established one of the largest marketplaces for private securities. It caters to a wide range of clients, including private companies, institutional investors, and venture capitalists. The company earns revenue through transaction fees, custody services, and data analytics, aiming to enhance the investment experience in the innovation economy.

Company Size

201-500

Company Stage

IPO

Headquarters

San Francisco, California

Founded

2014

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for secondary market transactions as private companies delay IPOs.
  • Forge's public listing on NYSE enhances visibility and attracts institutional investors.
  • Strong backing from financial institutions like Deutsche Börse and Temasek supports growth.

What critics are saying

  • Scrutiny on unicorn valuations may reduce investor confidence in Forge's platform.
  • Decline in global IPO volumes could limit Forge's pre-IPO investment opportunities.
  • Competitive landscape in equity compensation solutions may challenge Forge's market position.

What makes Forge Global unique

  • Forge Global offers a comprehensive platform for private market liquidity solutions.
  • The merger with SharesPost created one of the largest private securities marketplaces.
  • Forge provides pre-IPO investment opportunities, enhancing portfolio diversification for investors.

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Benefits

Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

3%
PYMNTS
Dec 6th, 2023
Nearly 90% Of 2021’S Unicorns Are Now Valued Lower

The status of being a unicorn is not as secure as it once seemed.Nearly 90% of the 128 companies that achieved valuations of $1 billion or more in 2021 are now estimated to be valued lower in private trades, Bloomberg reported Wednesday (Dec. 6), citing data from alternative trading venue operator Forge Global.About a third of these companies have seen their valuations drop below the $1 billion threshold that made them a unicorn, according to the report.This decline in valuations has made it more challenging for these startups to pursue their long-awaited initial public offerings (IPOs), the report said.One of the key challenges faced by these companies is the reluctance to seek fresh funding for fear of attracting lower valuations than their previous rounds, per the report.Private market trades, which provide real-time valuations of these companies, have become a crucial indicator, according to the report. However, companies and investors argue that such trades are based on limited information and that the most recent funding round is a better indicator of a startup’s value.The term unicorn, once used to emphasize the scarcity of such companies, has now become an arbitrary benchmark for investors, the report said. Some larger public equities portfolio managers may find companies valued below $1 billion too small to invest in, given the amount of analysis involved.Maintaining unicorn status holds value, per the report. Investors believe that once a company reaches the billion-dollar mark, it has a greater chance of going public or finding a merger and acquisition (M&A) exit. In a market focused on returns and how they will be realized, maintaining unicorn status can be a sign of a startup’s worth.With global IPOs on track for the lowest volume in over a decade, many private companies are eagerly waiting for the market to open, according to the report

Crowdfund Insider
Sep 29th, 2023
Forge Says Private Markets Performing Better In Past Three Months Than Other Popular Markets

While all markets have been choppy and some are in decline, Forge is reporting that private markets are performing better than some other markets. Forge is a private securities marketplace that provides liquidity in private firms. According to the Forge Private Market Index, private firms are doing better than the QQQ, IWM and IPO indecis. The QQQ, or triple Qs, is an ETF for the basket of top NASDAQ-listed firms. The IWM is an ETF that tracks the Russell 2000 and the IPO is another ETF that tracks firms that recently went public

Finextra
Apr 16th, 2023
Disrupting The Status Quo: 3 Companies Helping Startup Employees Build Wealth

Equity compensation is a significant part of the compensation package for many startup employees, especially those in early-stage companies. Startups often offer equity in place of higher salaries, as they may not have the cash flow to pay high salaries. in the early stages of their growth. Equity compensation provides a stake in the company and a potential financial upside if the company succeeds and goes public or is acquired. For startup employees, working for a startup is an exciting opportunity for many, offering the potential for rapid career growth and a chance to be part of something innovative and impactful. However, it also comes with financial challenges, as startup employees

Business Wire
Mar 22nd, 2022
True Global Ventures&Apos; Portfolio Company Forge Global Goes Public In Business Combination With Motive Capital Corp

SINGAPORE--(BUSINESS WIRE)--True Global Ventures’ ("TGV") portfolio company Forge Global Holdings, Inc (NYSE: FRGE) (“Forge”), a leading global private securities marketplace, completed its business combination with Motive Capital Corp ("MOTV"), a special purpose acquisition company sponsored by affiliates of Motive Partners, on the New York Stock Exchange on the 22nd of March, 2022. This combination allows Forge to become a publicly traded company on the NYSE. True Global Ventures has been an a

Fintech News
May 10th, 2021
Forge Raises Over US$150 Million in Funding, Backed by Deutsche Börse and Temasek

Forge Global, a global private securities marketplace, announced that it has received Financial Industry Regulatory Authority’s (FINRA) approval to operate as a single broker dealer with SharesPost following a merger in 2020, and that it closed an oversubscribed round of more than $150 million in new funding.

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